| Esteem Marine Upholstery Limited |
|
| Report to the directors on the preparation of the unaudited abbreviated accounts of Esteem Marine Upholstery Limited for the year ended 31 December 2015 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Esteem Marine Upholstery Limited for the year ended 31 December 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/ |
| Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
|
| BKB Wimborne Ltd |
| Chartered Certified Accountants |
| 33 West Borough |
| Wimborne |
| Dorset |
| BH21 1LT |
|
| 1 July 2016 |
|
| Esteem Marine Upholstery Limited |
| Registered number: |
04615853 |
| Abbreviated Balance Sheet |
| as at 31 December 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
225,685 |
|
|
244,716 |
|
| Current assets |
| Stocks |
|
|
54,628 |
|
|
49,572 |
| Debtors |
|
|
233,923 |
|
|
143,974 |
| Cash at bank and in hand |
|
|
4 |
|
|
85,901 |
|
|
|
288,555 |
|
|
279,447 |
|
| Creditors: amounts falling due within one year |
|
|
(122,902) |
|
|
(169,055) |
|
| Net current assets |
|
|
|
165,653 |
|
|
110,392 |
|
| Net assets |
|
|
|
391,338 |
|
|
355,108 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
391,336 |
|
|
355,106 |
|
| Shareholders' funds |
|
|
|
391,338 |
|
|
355,108 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr S Day |
| Director |
| Approved by the board on 1 July 2016 |
|
| Esteem Marine Upholstery Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 December 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Freehold / Improvements to Property |
4% / 10% straight line |
|
Plant/Equipment/Computer Equipment/Vehicles |
25% / 25% / 33% / 25% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2015 |
456,305 |
|
At 31 December 2015 |
456,305 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2015 |
211,589 |
|
Charge for the year |
19,031 |
|
At 31 December 2015 |
230,620 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
225,685 |
|
At 31 December 2014 |
244,716 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
